Are you looking for more affordable car insurance rates in Holly Springs, NC? When shopping for more affordable insurance, are you intimidated by the wide range of car insurance companies available to you? Lot's of other drivers are too. People have so many options that it can easily turn into a burden to find the lowest price. Lots of people think Holly Springs is a great city to raise a family in, but getting gouged by high car insurance rates can make it hard for many drivers to afford proper coverage amounts.

Sad but true, about 70% of customers have bought car insurance from the same company for over three years, and practically 40% of car insurance customers have never quoted car insurance rates at all. The average driver in the U.S. can save hundreds of dollars each year, but most undervalue the amount of savings they would get if they switch to a new company.

Smart consumers take time to get comparison quotes occasionally since insurance prices change quite often. If you had the best quotes on car insurance two years ago other companies may now be cheaper. Block out anything you think you know about car insurance because you're about to find out the proper way to eliminate unnecessary coverages and save money on car insurance.

Finding the cheapest insurance coverage in Holly Springs is really quite simple as long as you have a good starting point. If you currently have insurance, you will be able to cut your premiums using the techniques covered below. But North Carolina vehicle owners need to have an understanding of the methods companies use to price insurance differently and use it to your advantage.

Companies offering competitive rates in Holly Springs, NC

The following companies are our best choices to provide free quotes in North Carolina. If the list has multiple companies, it's highly recommended you get rates from several of them to find the lowest auto insurance rates.

Insurance Cost Estimates for Popular Vehicles in Holly Springs
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT 2WD $688 $344 $57
Chevrolet Impala LT $670 $335 $56
Chevrolet Malibu LTZ $1,074 $537 $90
Chevrolet Silverado LT Extended Cab 2WD $944 $472 $79
Dodge Ram Crew Cab Sport 2WD $966 $483 $81
Ford Escape Limited 4WD $688 $344 $57
Ford F-150 XL Regular Cab 4WD $622 $311 $52
Ford Focus SEL 4-Dr Sedan $898 $449 $75
Ford Fusion SE 4-Dr Sedan $710 $355 $59
Honda Accord LX-P 4-Dr Sedan $748 $374 $62
Honda CR-V EX 2WD $556 $278 $46
Honda Civic EX 4-Dr Sedan $898 $449 $75
Honda Odyssey EX W/Rear Entertainment $862 $431 $72
Jeep Grand Cherokee Laredo 4WD $670 $335 $56
Kia Optima SX $754 $377 $63
Nissan Altima Hybrid 4-Dr Sedan $734 $367 $61
Toyota Camry Hybrid $886 $443 $74
Toyota Corolla XRS $746 $373 $62
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $708 $354 $59
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Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Premium amounts do not factor in specific zip code location which can increase or decrease coverage rates greatly.

Rate comparison of men versus women in High Point

The chart below shows the comparison of insurance premiums for male and female drivers in High Point. The rate quotes are based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, single marital status, and no discounts are taken into consideration on a Nissan Altima 2.5 S.

Nissan Altima rates are for example purposes only. To get rate quotes for your specific vehicle, click here.

Full coverage rates compared to liability only

The example below illustrates the difference between Chevrolet Malibu insurance rates with full phyical damage coverage and with liability coverage only. The information is based on no tickets, no at-fault accidents, $1,000 deductibles, single male driver, and no discounts are applied.

Chevrolet Malibu rates are for example purposes only. To get rates for your specific vehicle, click here.

When to stop buying full coverage

There is no clear-cut rule to eliminate full coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is more than 10% of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let's pretend your Chevrolet Malibu book value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $7,000 after the deductible is paid. If you are paying in excess of $700 annually to have full coverage, then you may want to consider only buying liability coverage.

There are some scenarios where eliminating full coverage is not a good idea. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don't have enough money to buy a different vehicle if your current one is totaled, you should not buy liability only.

Comparison of policy deductibles

A question often asked by Holly Springs drivers is how high should the physical damage deductibles be. The rates shown below highlight the difference in cost when you choose different coverage deductibles. The first data set uses a $250 physical damage deductible and the second set of prices uses a $1,000 deductible.

Honda Accord rates are for example purposes only. To get rates for your specific vehicle, click here.

Honda Accord insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $168 $266 $212 $12 $64 $747 $62
Accord LX 4-Dr Sedan $168 $266 $212 $12 $64 $747 $62
Accord EX 4-Dr Sedan $168 $266 $212 $12 $64 $747 $62
Accord LX-P 4-Dr Sedan $168 $266 $212 $12 $64 $747 $62
Accord LX-P 4-Dr Sedan $168 $266 $212 $12 $64 $747 $62
Accord EX-L 4-Dr Sedan $192 $324 $212 $12 $64 $829 $69
Accord EX 2-Dr Coupe $192 $382 $282 $16 $84 $981 $82
Accord LX-S 2-Dr Coupe $192 $382 $282 $16 $84 $981 $82
Accord EX-L 2-Dr Coupe $218 $382 $282 $16 $84 $1,007 $84
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Honda Accord insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $104 $168 $212 $12 $64 $560 $47
Accord LX 4-Dr Sedan $104 $168 $212 $12 $64 $560 $47
Accord EX 4-Dr Sedan $104 $168 $212 $12 $64 $560 $47
Accord LX-P 4-Dr Sedan $104 $168 $212 $12 $64 $560 $47
Accord LX-P 4-Dr Sedan $104 $168 $212 $12 $64 $560 $47
Accord EX-L 4-Dr Sedan $118 $204 $212 $12 $64 $610 $51
Accord EX 2-Dr Coupe $118 $240 $282 $16 $84 $740 $62
Accord LX-S 2-Dr Coupe $118 $240 $282 $16 $84 $740 $62
Accord EX-L 2-Dr Coupe $134 $240 $282 $16 $84 $756 $63
Get a Quote for Your Vehicle Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Rate information does not factor in Holly Springs location which can lower or raise auto insurance rates significantly.

We can estimate from the data above that using a $250 deductible will cost you roughly $17 more each month or $204 each year than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you have at least 44 months between claims, you would save money by selecting a higher deductible.

Auto insurance discounts are available to get cheap rates

Some providers do not advertise every available discount in a way that's easy to find, so the list below gives a summary of some of the more common in addition to some of the lesser obvious ways to save on auto insurance. If you check and find you aren't receiving every discount you deserve, you are not getting the best rate possible.Auto insurance discounts

Discounts lower rates, but some of the credits will not apply to your bottom line cost. Most only cut the cost of specific coverages such as comp or med pay. Despite the appearance that you would end up receiving a 100% discount, companies wouldn't make money that way.

Companies that may offer these discounts possibly include:

If you want inexpensive Holly Springs auto insurance quotes, ask every insurance company which discounts can lower your rates. Some credits might not be offered on policies in Holly Springs. To find insurance companies with discount rates in North Carolina, click here.

Seven ways to find car insurance at a discount in Holly Springs

Many different elements are taken into consideration when you quote your car insurance policy. A few of the factors are predictable like your driving record, although others are less obvious like your vehicle usage or your commute time.

Truth in car insurance advertising

Car insurance providers like State Farm, GEICO and Progressive seem to constantly run ads on television and other media. All the companies advertise claims that people will save after switching your coverage to them. How does every company offer you a better deal on car insurance? Just pay attention to how they say it.

All companies look for specific characteristics for the driver that makes them money. One example of this type of risk profile could possibly be between the ages of 30 and 50, has a low-risk occupation, and drives less than 7,500 miles a year. Any customer that fits those parameters will qualify for the lowest prices in Holly Springs and have a good chance to save a lot on Holly Springs car insurance if they switch.

People who don't measure up to those criteria will probably have to pay higher prices which translates to the prospect going elsewhere. The ads say "customers who switch" not "all people who quote" can save as much as they claim. That is how companies can advertise the savings. This really emphasizes why it's extremely important to do a rate comparison at every renewal. It is just not possible to predict which insurance companies will have better auto insurance rates than you're paying now.

Don't give up on cheap rates

You just read quite a bit of information on how to shop for car insurance online. The key thing to remember is the more you quote Holly Springs auto insurance, the better your chances of lowering your prices. You may even be surprised to find that the most savings is with a company that doesn't do a lot of advertising.

Consumers switch companies for a variety of reasons including lack of trust in their agent, being labeled a high risk driver, not issuing a premium refund and denial of a claim. Regardless of your reason, finding a new company is easier than you think.

Some insurance providers do not provide internet price quotes and many times these smaller companies prefer to sell through local independent agents. Affordable car insurance in Holly Springs is available both online and from local agencies, so you need to compare both to get a complete price analysis.

Additional car insurance information can be read below: